A person sells a book for Rs. 280, gaining 40%. Find the cost price. MCQ with Answer and Explanation

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A person sells a book for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 220

B. Rs. 180

C. Rs. 240

D. Rs. 200

Answer: Option D

Solution (By JKSSB Mock Tests)

CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

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Question #1

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A man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option A

Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of an article is Rs. 5000. A shopkeeper gives two successive discounts of x% and 20%. If the customer pays Rs. 3400, find the value of x.

A. 15

B. 10

C. 18

D. 12

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Correct Answer: Option A

Explanation:
Price after 20% discount = 5000 * 0.80 = 4000. Further discount given = 4000 - 3400 = 600. Discount percentage x = (600 / 4000) * 100 = 15%.

This question belongs to: Maths Profit And Loss

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